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"China's digital economy has also contributed to the development of internationalization. In fact, not only is the government helping the world, China's private enterprise is also helping the world … the digital economy has had a huge economic effect not only on the domestic front but also in the international sphere, which is why it is important to strengthen its development," Huang said.

"Consumption during the national holiday was in line with Alibaba's market expectation since 2018," said Jin Ke, director of Alibaba's Taobao. "Online spending remains robust."

"Composed by new industry, new formats and new models, China's new economic driver is expanding, unleashing the vitality of the economy and supporting its high-quality development," said Lyu Haiqi, an official with the National Bureau of Statistics.

"China's AI industry is flourishing currently, epitomized by the fact that an increasing number of tech breakthroughs are being made. AI is also being applied in a string of vertical industries," said Chen Zhaoxiong, vice-minister of industry and information technology.

"Choosing the right path and the right timing" to implement deleveraging efforts "will achieve high-quality development."